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Lockton makes 3 key appointments for its India ops

by AIP Online Bureau | Mar 19, 2024 | Briefs, Non-Life, Reinsurance

Us based Lockton, which has set up its operations in India recently, has appointed Mukul Bhatia, Irfan Shirwani, and Prasanna Hunur as team members in the country .These key additions will support Sandeep Dadia, chief executive officer of Lockton in India, in driving...
IRDAI Board meets today, to approve Bima Sugam

IRDAI Board meets today, to approve Bima Sugam

by AIP Online Bureau | Mar 18, 2024 | Health, Indian News, Life, Non-Life, Policy, Regulation, Technology

Bima Sugm will be officially called as Rashtriya Bima Sugam Nigam Ltd, built with an intial corpus of Rs 200 crore and the shareholding of the company will be widely held amongst life insurers, general insurers and health insurers with no single entity having...
India’s navy takes control of bulk carrier hijacked by Somali pirates and evacuates crew

India’s navy takes control of bulk carrier hijacked by Somali pirates and evacuates crew

by AIP Online Bureau | Mar 18, 2024 | Eco/Invest/Demography, International News, Non-Life, Risk Management

Activity from Somali pirates has dropped in recent years, but there has been growing concern it could resume amid the political uncertainty and wider chaos in the region that has included attacks on ships by Yemen’s Houthi rebels New Delhi: The Indian navy said late...

Swiss Re’s Thorsten Steinmann to succeed Michael Pickel at Hannover Re

by AIP Online Bureau | Mar 18, 2024 | International News, Non-Life, Reinsurance

Thorsten Steinmann joins from Swiss Re, where he was most recently responsible for the reinsurance business in Germany, the Nordics, Austria, Central and Eastern Europe, the Netherlands, and Switzerland Hannover: The Supervisory Boards of Hannover Rück SE and E+S...
Indian insurance industry receives Rs 54,000 crore FDI since December 2014: DFS Secy Joshi

Indian insurance industry receives Rs 54,000 crore FDI since December 2014: DFS Secy Joshi

by AIP Online Bureau | Mar 18, 2024 | Eco/Invest/Demography, Indian News, Life, Non-Life

Financial Services Secretary Vivek Joshi said that the Assets Under Management (AUM) nearly tripled to Rs 60.04 lakh crore as on March 31, 2023 as compared to Rs 21.07 lakh crore in 2013-14, while total insurance premium recorded more than two-fold jump to Rs 10.4...
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